Italian power and water provider Acea SpA plans to invest approximately €200 million to build a PV portfolio of 150 MW. In its new investment plan for the 2019-22 period, the Rome-based utility said the portfolio would consist of new projects but also existing facilities, which will be acquired in Italy’s secondary PV market.
Its plans for the energy transition also include the installation of second-generation smart meters, investments to increase the resilience of the network, and advanced automation, Acea said. “In a couple of years, we want to become one of the first operators in the Italian PV sector,” Acea CEO Stefano Donnarumma told local press agency Radiocor.
The €4 billion investment plan also includes initiatives for natural gas, water and smart energy efficiency.
Acea currently owns and operates six hydropower plants and two thermal power plants, all located in central Italy. It also built a 5 MW solar plant under Italy’s Conto Energia incentive scheme in 2011. The rooftop system, developed by the group’s Acea Reti e Servizi Energetici SpA unit, was deployed on a carport at a shopping mall in Rome.